The Impact of Institutional Investors on the Monday Seasonal

Su Han Chan; Wai-Kin Leung; Ko Wang

首页> 外文期刊>The Journal of Business >The Impact of Institutional Investors on the Monday Seasonal

【24h】

The Impact of Institutional Investors on the Monday Seasonal

机译：机构投资者对星期一季节性的影响

获取原文

获取原文并翻译 | 示例

掌桥外文数据库（机构版） >>

开具论文收录证明 >>

文献代查 >>

页面导航

摘要
著录项
相似文献
相关主题

摘要

It is well documented that the mean Monday return is significantly negative and is lower than the mean return on other weekdays. Using institutional stock holdings information during the 1981-1998 period, we document that the Monday seasonal is stronger in stocks with low institutional holdings and that the Monday return is not significantly different from the mean Tuesday to Friday returns for stocks with high institutional holdings during the 1990-1998 period. Our study provides direct evidence to support the belief that the Monday seasonal may be related to the trading activities of less sophisticated individual investors.

机译：有据可查的是，周一的平均收益显着为负，并且低于其他工作日的平均收益。使用1981-1998年期间的机构持股信息，我们记录到机构持仓量较低的股票的周一季节更强，并且周一收益率与机构持股量较高的股票的周二至周五的平均收益没有显着差异。 1990年至1998年。我们的研究提供了直接的证据，以支持以下观点：星期一的季节性可能与不太成熟的个人投资者的交易活动有关。

著录项

来源
《The Journal of Business》 |2004年第4期|p.967-986|共20页
作者
Su Han Chan; Wai-Kin Leung; Ko Wang;
展开▼
作者单位

Department of Finance, California State University-Fullerton;

展开▼
收录信息
原文格式 PDF
正文语种 eng
中图分类 f;
关键词

相似文献

外文文献
中文文献
专利

1. DO INSTITUTIONS STILL MATTER FOR INVESTORS? IMPACT OF INSTITUTIONAL DETERMINANTS ON INVESTMENT INFLOWS INTO EUROPEAN ECONOMIES [J] . Donu Victoria, Janicko Martin Acta Oeconomica: Periodical of the Hungarian Academy of Sciences . 2018,第2期

机译：机构仍然对投资者很重要吗？制度决定因素对欧洲经济中投资流入的影响
2. Institutional investors' attention to environmental information, trading strategies, and market impacts: Evidence from China [J] . Wei Ping, Mao Xiaodan, Chen Xiaohong Business Strategy and the Environment . 2020,第2期

机译：机构投资者对环境信息，交易策略和市场影响的关注：来自中国的证据
3. Causes and Impacts of Foreign and Domestic Institutional Investors' Herding in the Taiwan Stock Market [J] . Fang Hao, Lu Yang-Cheng, Yau Hwey-Yun, Emerging Markets Finance & Trade . 2017,第4a6期

机译：台湾股票市场中国内外机构投资者羊群化的成因与影响
4. Impact of Venture Capital Institutions' Social Networks on the Innovation Performance of Invested Companies [C] . Qi-Lin Cao, Zhou Cheng, You-Jia Mao International Conference on Cloud Computing and Big Data Analytics . 2021

机译：风险投资机构社会网络对投资企业创新绩效的影响
5. Two essays on institutional investors Essay one: Institutional investor and asymmetric beta Essay two: The role of institutional investors and individual investors in financial markets: Evidence from closed-end funds [D] . Huang, Jian 2010

机译：关于机构投资者的两篇文章论文一：机构投资者和非对称贝塔论文二：机构投资者和个人投资者在金融市场中的作用：封闭式基金的证据
6. The Control Strategies for Information Asymmetry Problems Among Investing Institutions Investors and Entrepreneurs in Venture Capital [O] . Peng Du, Hong Shu, Zhuqing Xia 2020

机译：投资资本投资投资者和企业家的信息不对称问题的控制策略
7. Do Stock Markets Catch the Flu? We examine the impact of influenza on the U.S. stock market. A higher incidence of flu is associated with decreased trading, decreased volatility, and higher bid-ask spreads. We also find some evidence that more flu implies lower stock returns. Consistent with the flu affecting institutional investors and market-makers, the decrease in trading activity and volatility is primarily driven by the incidence of influenza in the greater New York City area. However, the effect of the flu on bid-ask spreads and returns is driven by the incidence of flu nationally. We provide estimates of the potential impacts of a pandemic on equity returns. [O] . Yiuman Tse, Brian C. McTier, John K. Wald 100

机译：股市是否会引发流感？我们研究了流感对美国股市的影响。流感发病率较高与交易减少，波动性降低和买卖差价较高有关。我们还发现一些证据表明，更多流感意味着股票收益率下降与影响机构投资者和做市商的流感一致，交易活动和波动性的下降主要是由于纽约市大区的流感发病率所致。然而，流感对买卖差价和回报的影响是由全国流感的发生率所驱动的。我们提供了大流行对股权回报的潜在影响的估计。

The Impact of Institutional Investors on the Monday Seasonal

摘要

著录项

相似文献

相关主题

期刊订阅